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Part IIE+W+S+N.I. Re-organisation of the Railways


Modifications etc. (not altering text)

C1Pt. II (ss. 84-116) excluded (retrospective to 5.11.1993) by 1994 c. 9, s. 252, Sch. 24 para. 4(1)

Pt. II (ss. 84-116) excluded (retrospective to 11.1.1994) by 1994 c. 9, s. 252, Sch. 24 para. 8(4)

Pt. II (ss. 84-116) excluded (retrospective to 5.11.1993) by 1994 c. 9, s. 252, Sch. 24 para. 17(2) (with s. 252(2))


F1113. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .E+W+S+N.I.


Amendments (Textual)

114 The Secretary of State, the Franchising Director and the Board not to be regarded as shadow directors of certain railway companies etc.E+W+S+N.I.

(1)None of the following persons, that is to say—

(a)the Secretary of State,

(b)the Franchising Director,

(c)the Board,

shall be regarded for any purpose of [F2the Companies Acts (as defined in section 2(1) of the Companies Act 2006)] as a shadow director, within the meaning of [F3those Acts (see section 251 of that Act)], of any body falling within subsection (2) below.

(2)Those bodies are—

(a)any publicly owned railway company;

(b)any company which is wholly owned by the Franchising Director;

(c)any subsidiary of the Board;

(d)any franchise company;

(e)any company concerning which a direction (whether of a general or specific character) has been given under section 90 above to the Board with respect to the exercise by the Board of the rights conferred by their holding of interests in that company.

115 Parliamentary disqualification.E+W+S+N.I.

In Part III of Schedule 1 to the M1House of Commons Disqualification Act 1975, the following entry shall be inserted at the appropriate place—

(a)which, within the meaning of Part II of the Railways Act 1993, is a successor company wholly owned by the Crown, or

(b)which, within the meaning of that Act, is wholly owned by the Director of Passenger Rail Franchising,

being a director nominated or appointed by a Minister of the Crown, the Director of Passenger Rail Franchising or any other person acting on behalf of the Crown .


Marginal Citations

116 Interpretation of Part II.E+W+S+N.I.

(1)In this Part, unless the context otherwise requires—

(2)Any reference in this Part to property, rights or liabilities is a reference to property or (as the case may be) rights or liabilities—

(a)whether or not capable of being transferred or assigned otherwise than under or by virtue of this Act;

(b)whether situate or subsisting in the United Kingdom or elsewhere; and

(c)whether the person entitled to the property or rights or, as the case may be, subject to the liabilities is so entitled or subject—

(i)under the law of the United Kingdom or of any part of the United Kingdom; or

(ii)under the law of any country or territory outside the United Kingdom;

and references to an undertaking or part of an undertaking shall be construed accordingly.